Now, for most of August and the early days of September, XRP was tangled in the $2.70 to $3.07 mess, like a coyote scratching in the dust, waiting for a sign. Every little bump fell short, every dip was snatched up like a bargain at the last minute – it looked like the market was holding its breath, waiting for a spark to light the fuse.
One of these vehicles, led by the enigmatic Hivemind Capital, seeks to summon up to $500 million through a Nasdaq-listed company, with the legendary Anthony Scaramucci whispering sage advice into the ears of those who dare to dream big. Meanwhile, the other, a $500 million SPAC, is sponsored by Dragonfly Capital. These deals, if they come to fruition within the next few weeks, promise to reshape the landscape, though Hivemind has confirmed its role, while the foundation remains cloaked in silence.
“Making it easier for anyone to access @HyperliquidX. @krakenfx has agreed to list Paxos-issued USDH (w/ free USD on/off ramps) + HYPE from day 1. Issuance gets you a stablecoin. Distribution gets you adoption. *Pending approval following Kraken’s standard listing diligence…”
But here’s the kicker: Pepenode ($NODE) is doing the same thing, but without the need for actual hardware. That’s right, no fancy rigs, no electric bills that could make a small country bankrupt-just a virtual mining ecosystem where you can pretend to be a crypto king without even breaking a sweat. 😎
Yet, as the price soars, the question lingers like a Chekhovian gun: can this bull run sustain its breathless pace, or will it collapse like a poorly constructed dacha? And here, my dear reader, we delve into the labyrinth of numbers and narratives to uncover the truth. Or at least, a version of it. 🧐
The Securities and Exchange Commission, that venerable guardian of financial decorum, has chosen-perhaps with a sigh or a smirk-not to impede Rex-Osprey’s advancement. These ETFs, cloaked under the “40 Act,” are set to avoid the unruly intimacy of holding the crypto coins themselves. Instead, they offer a genteel acquaintance with regulated proxies, a polite nod across the table rather than a bear hug.
Howard Lutnick, U.S. Commerce chief and fiscal tightrope walker with a penchant for paradox, once claimed tariffs could conjure $50 billion monthly. At today’s prices, this would buy enough Bitcoin to make Satoshi Nakamoto blush-or at least send him into a tizzy about market equilibrium. For context: 400,000 coins is roughly 21 times the daily output of a digital ant farm (19,000 new coins/day). A number so absurd it makes a black hole look like a pinprick.
But wait, there’s more! 🎉 VanEck’s not just stopping at making it easier to buy HYPE; they’re also thinking of using some profits to buy back HYPE tokens. It’s like they’re saying, “Hey, let’s keep this party going!” 🎈🥳 And if that doesn’t get the major exchanges listing this token, nothing will. Exchanges, you’re on notice! 📢
Unsurprisingly, these tokens enjoyed a modest little price party shortly after being announced-just enough to make early cheerleaders feel like geniuses. For about five minutes.
Oh, XRP made its presence known above the modest $2.850 hurdle, leaving the Bitcoin and Ethereum darlings in the dust. Once past the $2.9150 sticky ground and the formidable $2.950 ranks, an audacious press through the $3.00 bastion saw the bulls, notably tipsy, crown themselves with a shiny $3.0365 medal.
